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The Latest Breaking News on Energy

4 Energy Stocks You Can Still Buy for Under $20 in 2022

The G7 imposing price cap on Russian oil could raise energy prices in winter. Moreover, the Biden administration is considering refilling its strategic reserves to support prices. And considering OPEC’s upbeat demand outlook, the energy stocks Cenovus Energy (CVE), Birchcliff Energy (BIREF), Amplify Energy (AMPY), and MV Oil (MVO) which…

StockNews.com

EU plans £120bn windfall tax on energy firms to curb soaring prices

The EU plan could raise £120 billion to help people pay soaring energy bills

Evening Standard

Climate change activists blocking oil terminal as nation mourns the Queen say protests are 'not disrespectful'

'If we stay silent, it’s like collective suicide. We can’t and mustn’t stay silent, it’s our moral duty to be here,' protesters said

Wales Online

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Job losses at energy firm Northern Gas and Power as economic conditions bite

The Gateshead firm has been fast growing in recent years but says it is facing 'unprecedented challenges'

Birmingham Post

Petrol pumps to remain shut in Kerala on September 23

THIRUVANANTHAPURAM

The Hindu

EU expects to raise €140bn from windfall tax on energy firms

Cap on outsize revenues will bring solidarity from businesses towards struggling customers, says official

The Guardian - UK

Oil terminal protest ‘not disrespectful’ to Queen, say activists

About 50 people have been blocking the main entrance to the site near Tamworth, Staffordshire.

The Independent UK

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EU proposes windfall levies on energy firms to ease price pain

The European Union's executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.

Reuters

German government could raise stake in gas supplier Uniper

German energy supplier Uniper says it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount

The Independent UK

Green hydrogen could counter energy crisis, says British firm

The company, which makes electrolyser machines, says its use has become more cost-effective than gas

The Guardian - UK

EU chief proposes energy market reform, $140bn revenue cap

Energy market reforms include the taxation of energy companies and decoupling gas prices from overall electricity bills.

Al Jazeera

EU seeks $140 billion to insulate consumers from energy crisis

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

Reuters

Drought, record heat and blackouts test China's faith in renewable energy

TAIPEI, Taiwan — With 80% of its electricity coming from hydropower, the province of Sichuan in southern China has been lauded as a model for a clean energy future in the nation most crucial to the worldwide fight against climate change.

Los Angeles Times

Geothermal bubbles up as another way to fight climate change

Geothermal power currently provides only a tiny fraction of the nation’s electricity. But as states ramp up their transitions to renewable electricity, some leaders see a big role for geothermal as a stable, renewable power source.

Tribune News Service

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Reuters

Kremlin says other regions besides Europe willing to buy Russian gas

(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.)

The Independent UK

Kenya’s new president promises ambitious climate plan

Kenya’s newly elected president William Ruto said that climate change will be key to the government’s agenda and made an ambitious pledge to ramp up clean energy and phase out fossil fuels for electricity by 2030 during his inauguration speech Tuesday

Daily Mirror

EU to slap windfall tax on oil giants to send profits to 'those who need it'

European Commission President Ursula von der Leyen said 'it is wrong to receive extraordinary profits benefiting from war' as EU chiefs drew up plans for this winter

Daily Mirror

Martin Lewis 'begged and pleaded' to stop energy 'catastrophe' - but offers ray of hope

Money expert Martin Lewis, 50, appeared on Good Morning Britain with Susanna Reid as he addressed the Energy Price Guarantee - a new scheme that will override Ofgem's energy price cap

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Newcastle Herald

Labor confirms $100m hydrogen hub spend

Six weeks out from the government's first budget, Labor has committed publicly to all the hydrogen funding promised for Newcastle.

The Independent UK

EU chief proposes electricity market reform, revenue cap

European Commission President Ursula von der Leyen wants to cap the revenues of electricity producing companies that are making extraordinary profits due to the war in Ukraine and climate change

ABC News

EnergyConnect's Riverina transmission line given green light by NSW government

Construction of a electricity transmission line through regional NSW is approved by the state government despite opposition from locals, but still requires a green light from the Commonwealth.

The Guardian - AU

‘It doesn’t make sense’: Pacific leaders say Australia’s support for new coal at odds with Cop29 bid

Former Kiribati and Palau presidents say Australia’s should take a leadership position on climate at a ‘very perilous moment’ for the Pacific

France 24

Live: EU plans 'comprehensive reform' of electricity market, EU chief says in annual address

Europe's fears of a long winter with scarce energy supplies because of Russia's war in Ukraine topped an annual speech by EU chief Ursula von der Leyen on Wednesday.

Bristol Post

Huge solar farm near Frampton Cotterell set to be approved in green belt

It would cover 90 hectares of land

Asharq Al-Awsat

Lebanon-Israel Maritime Talks to Conclude in ‘Days’

Maritime border talks between Lebanon and Israel that could help allocate oil and gas resources are close to concluding after around two years of negotiations, a top Lebanese security official said on Tuesday. "We're talking about weeks - actually, days - to finish the delineation issue. I'm hopeful that the…

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